1215 Elm Ridge AveBaltimoreMD21229
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Baltimore at 1215 Elm Ridge Ave, Baltimore, MD, 21229 earns $181/mo cash flow from $3,104/mo rent with a $2,300/mo payment. Total monthly income totals $3,104/mo, and annual cash flow totals $2,175/yr on $155,805 capital. ROI tracks 21.3% on current figures, and rental yield reads 7.93% at a $470,000 purchase. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 over five years. Five-year ROI reaches 110.38% and total cumulative return in cash sums $171,981. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,104/mo property income instead of your personal income.
Single Family
Built in 2005
8,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 21229, Baltimore, MD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,053 (100%) |
| Owner Occupied HU | 9,761 (48.7%) |
| Renter Occupied HU | 8,137 (40.6%) |
| Vacant Housing Units | 2,155 (10.7%) |
| Median Home Value | $220,250 |
| Average Home Value | $247,792 |
Housing Distribution
Address Breakdown
Residential
18,511
Single Family
15,601
Multi-Family
2,910
Businesses
622
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